Galaxy Cloud Kitchens Limited has successfully completed its corporate transformation with the Ministry of Corporate Affairs officially approving the company's name change to Galaxy Supermarket Limited, effective January 12, 2026. The approval follows overwhelming shareholder support of 99.99% received through postal ballot process concluded in early January.

MCA Certificate and Official Approval

The Ministry of Corporate Affairs, Office of the Central Processing Centre, issued the Certificate of Incorporation pursuant to change of name on January 12, 2026. The certificate was digitally signed by Shorya Chak, Assistant Registrar of Companies at the Central Processing Centre, confirming the legal transformation from Galaxy Cloud Kitchens Limited to Galaxy Supermarket Limited.

Regulatory Compliance and Stock Exchange Notification

Company Secretary Harsh Joshi formally notified BSE Limited on January 14, 2026, under Regulation 45 of SEBI Listing Regulations regarding the successful name change approval. The company maintains its scrip code 506186 and will make a separate application to the stock exchange for approval of the name change in due course.

Shareholder Approval Through Postal Ballot

The transformation was enabled by exceptional shareholder support received through the postal ballot process concluded on January 03, 2026. Both the name change resolution and alteration of Memorandum of Association objects clause received 99.99% approval from shareholders.

Corporate Identity Transition Requirements

Under Section 12 of the Companies Act, Galaxy Supermarket Limited must display its former name "Galaxy Cloud Kitchens Limited" alongside the new name for a period of two years at all places where the company is required to display its name. The company's registered address remains at Knowledge House, Shyam Nagar, Off. Jogeshwari-Vikhroli Link Road, Jogeshwari (E), Mumbai - 400060, Maharashtra.

Business Expansion and Strategic Direction

The successful name change from Galaxy Cloud Kitchens Limited to Galaxy Supermarket Limited reflects the company's strategic pivot from cloud kitchen operations to supermarket retail business. The alteration of the Memorandum of Association objects clause enables the company to expand its business activities in line with this new operational focus, marking a significant milestone in the company's transformation journey.

Galaxy Cloud Kitchens Limited , a company specializing in food, beverages, and grocery products, has announced significant changes in its management and released its financial results for the quarter and half-year ended September 30, 2025. The company faces ongoing financial challenges but shows signs of operational restructuring.

New CFO Appointment

The Board of Directors has approved the appointment of Mr. Shashikant Sandbhor as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective November 13, 2025. Mr. Sandbhor brings 19 years of experience in accounts, audit, taxation, and finance. He holds a Bachelor's degree in Commerce and has completed the Executive/Inter Programme of the Institute of Company Secretaries of India (ICSI).

Financial Performance

Galaxy Cloud Kitchens reported the following financial results for the quarter ended September 30, 2025:

The company's revenue from operations has shown significant growth compared to the previous year. However, the net profit has been impacted by losses from discontinued operations.

Going Concern Issues

The auditor's review report highlighted material uncertainty regarding the company's ability to continue as a going concern. The entire net worth of the company has been eroded due to losses incurred in previous years, and current liabilities exceed current assets. Despite these challenges, management remains confident about future prospects, citing initiatives to boost sales, reduce costs, and diversify business activities into supermarket store operations.

Discontinued Operations

Galaxy Cloud Kitchens has discontinued operations from its Commissary Units in Bangalore, Mumbai, and Gurugram. The company has made necessary accounting provisions related to these closed-down business operations as per applicable accounting standards.

Contingent Liabilities

A contingent liability of Rs. 290.46 lakhs relates to employees of the closed Bangalore Commissary. The company has made a complete provision for this amount, anticipating a possible settlement.

Arbitration Settlement

The company has agreed to pay Rs. 5.81 lakhs in addition to old dues of Rs. 3.19 lakhs for the settlement of an arbitration matter. This includes the transfer of movable and immovable assets situated at Veerasandra Industrial Area, Bengaluru.

Audit Observations

The auditor's report noted several issues, including:

• Non-recognition of gratuity and leave encashment liability for the half-year ended September 30, 2025
• Computation of Earnings Per Share based on total shares outstanding instead of weighted average
• Non-identification of creditors under the Micro, Small and Medium Enterprises Development Act, 2006

Despite these challenges, Galaxy Cloud Kitchens is taking steps to improve its operational efficiency and financial position. The appointment of a new CFO and the focus on diversifying business activities indicate the company's efforts to navigate through its current financial difficulties.